All Money laundering and financial crime articles – Page 5
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News'Enablers' in spotlight as economic crime bill takes next step
All-party group calls for anyone assisting 'avoiders and evaders' to face the 'full force of the law'.
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NewsMPs call for specialised economic crime courts
Justice committee also backs creation of 'failure to prevent' offence.
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News‘Privileged’ legal sector escapes AML rules, campaign group claims
Spotlight on Corruption calls for bigger role for SRA as MPs debate giving regulator unlimited fining powers.
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NewsTreat overseas register regime 'like AML compliance with bells on', solicitors told
Verification process for information submitted to register of overseas entities discussed at Law Society conference.
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NewsNew 'failure to prevent' offences on the way, former LC predicts
Sir Robert Buckland KC MP tells lawyers that he expects amendments to Economic Crime and Corporate Transparency Bill.
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NewsSociety ‘extremely concerned’ at proposals for unlimited SRA fines
Government wants to legislate to remove fining limit in cases related to economic crime.
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NewsGovernment offers SRA unlimited fining powers for economic crime
Economic Crime and Corporate Transparency Bill includes removal of statutory limit on fines for solicitors.
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NewsHigh Court permits service by NFT in ‘English legal first’
Lawyers say service by non-fungible token only permitted once before worldwide.
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NewsQueen’s Speech: Bill of Rights and Brexit freedoms
Government to ‘restore balance of power between legislature and courts’ with Bill of Rights.
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NewsServices firms line up to tackle crypto fraud
Triage system will assess claims for access to £50m litigation funding warchest.
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NewsSRA probes exposure to sanctioned clients
'Thematic review' following issues raised in parliament will report this autumn.
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NewsSecond conviction quashed in fresh blow for SFO chief
Solicitors for Paul Bond claim Serious Fraud Office director Lisa Osofsky’s position is now ‘wholly untenable’.
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NewsSociety welcomes economic crime measures
Economic Crime (Transparency and Enforcement) Act receives Royal Assent after two-week parliamentary passage.
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FeatureEconomic Crime (Enforcement and Transparency) Bill: how effective will it be?
The government plans to pass the bill into law as soon as possible. It has the potential to be one of the most significant legislative developments in recent years.
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NewsLawtech startup raises £15m to tackle money laundering risk
Client onboarding system will be developed to handle source-of-funds checks and verification of corporate clients.
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NewsEx-Mishcon partner to pay £21,000 over AML rule breaches
Michael Nouril had missed the relevant training because he was absent when it was given.
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NewsCompanies House to have power to investigate
Registrar will become a 'much more active gatekeeper' under £83m reform programme.
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NewsEconomic crime bill to surface after four-year wait
Authorities to be protected from costs risks of bringing unsuccessful unexplained wealth orders.
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NewsPressure mounts for action against 'enablers' of Russian regime
Clampdown over sanctions as fresh accusations made about City firms and money laundering.